Author Archive: Jeremy Parkinson
Twitter Caught In “Fibs”
Twitter (TWTR) is stuck in between two long-term Fibonacci retracement levels (after nearly tagging and retreating from the 40% Fib) and a downtrending channel, as shown on the following monthly chart. Momentum had been building since mid-2017, but was capped in mid-February. It is 29% lower than it was at the close of its first week of its IPO (November 7, 2013), […]
E Opportunities In A Wrecked Shipping Industry: LNG Carriers
This article is Part 2 in a 3 Part series about the investment opportunities in shipping.
ECRI Weekly Leading Index Update – Tuesday, March 27
Friday morning’s release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 149.5, down 0.2 from the previous week. Year-over-year the four-week moving average of the indicator is now at 3.23%, up from 3.14% last week. The WLI Growth indicator is now at 5.5, down from the previous week. “Up […]
Twitter, Inc Social Media Giant Bans Cryptocurrency Ads
Starting March 27, Twitter will no longer allow advertisements of cryptocurrencies on its platform. The social media network announced the ban on adverts for initial coin offerings (ICOs) or sale of cryptocurrency tokens on Monday, and immediately sent bitcoin’s value below $8,000. In a statement, the company said it was committed to making sure that its community […]
The IRS Letter You Should Dread
I knew the letter from the IRS sitting in my mailbox was bad news just from the color of the paper. It was not light green, the color of a refund check from the United States Treasury. Instead, it was white, warning that it contained some sort of demand, audit notice, or threatened legal action. […]
Gold Is Near Its Highest Level In Five Weeks
Gold is near its highest level in five weeks, affected by the decline of the dollar index according to the inverse relationship between them, amid the negative pressure on the levels of the dollar in addition to the recovery of Asian stocks. Gold prices fell by 0.48% to reach $1350 per ounce, after hitting a […]
US-China Trade War Dissipates: 3 Solar Stocks In Focus
The U.S. stock market took a hit last week as chances of a possible trade war between America and China were rife. However, on Mar 26, possible talks between the United States and China over tariffs and trade imbalances started making the rounds. This helped the Wall Street gain some lost ground. What Led to […]
Stocks Rally Off The 200 Day Moving Average
Stocks Have A Huge Reversal The stock market reversed sharply on Monday. The S&P 500 was up 2.72% as it bounced off the bottom of the recent range. As you can see from the chart below, it also bounced off the 200 day moving average which was hit on Friday. As I said last week, the […]
Consumer Confidence Sinks As Stock Market Hope Plunges To Trump Election Lows
Having shrugged off stock market volatility in February, with present situation confidence buoyed by tax reform hope, Conference Board Consumer Confidence slipped in March (and missed expectations). February’s headline data was an 18 year high, so this remains an extreme level of confidence… Both current and future expectations also slid lower in March: “Consumer confidence declined moderately […]
